Saturday, July 21, 2018

Key votes on paper tariffs in August; lawmakers testify at hearing

The United States International Trade Commission will vote Aug. 28 whether to make the U.S. tariffs on Canadian paper imposed by the Trump's administration permanent. The rationale behind the decision will be made public Sept. 17.
The Commerce Department is set to make its final decision on the matter by Aug. 2. If both bodies rule that the tariffs are needed, they will become permanent.
The preliminary tariffs were imposed earlier this year after a petition from the North Pacific Paper Company (Norpac), a papermill in Washington state. 
At a commission hearing Tuesday, a group of 19 bipartisan members of Congress argued that the preliminary tariffs were causing damage in the marketplace as higher newsprint costs were forcing newspapers to cut consumption by lowering page counts, reducing days of delivery and, in some cases, moving from print to digital distribution.

No comments:

Post a Comment

For now, we're opening this blog to Anonymous comments. This will continue as long as civility rules. Disagree as you may, just keep it clean and stay on topic. No profanity, and no name calling. We reserve the right to moderate such comments, though the person who made it may come back and reword their message in a more civil way.